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Parliament Presses Deputy Speaker’s Removal as Mongolia Opens Coal Contracts and Pushes OT Debt Cuts

A broad reform push follows the Constitutional Court’s finding to emphasize transparency.

Overview

  • Parliament’s legal and governance committees urged the ruling MPP faction to file a formal motion to dismiss Deputy Speaker Kh. Bulgantuya following the court’s finding, drawing sharp debate over the court’s role.
  • Government negotiators said Rio Tinto signed a protocol committing to reduce Oyu Tolgoi shareholder‑loan interest and to waive the seven‑year lock, with talks ongoing toward decisions targeted by January 30, 2026.
  • The Cabinet ordered Erdenes Tavan Tolgoi to publish 581 of 586 coal sales contracts and begin independent audits and IPO preparations, with five long‑term or mine‑mouth deals pending counterparty consent.
  • Lawmakers moved to establish a temporary oversight committee to scrutinize Uhaa Khudag operations and offtake deals within the Tavan Tolgoi complex for legal compliance and cash‑flow impacts.
  • The 2026 budget package advanced through committee third readings, outlining 31.6 trillion MNT revenue, 29.6 trillion MNT baseline spending and a 2.0 trillion MNT surplus.